The Effect of CEO Compensation Structure on CSR Disclosure

CEO Compensation structure;CSR report;Voluntary disclosure;Founder CEO;658

경영대학 경영학과 ;

University:서울대학교 대학원

关键词: CEO Compensation structure;    CSR report;    Voluntary disclosure;    Founder CEO;    658;   

Others  :  http://s-space.snu.ac.kr/bitstream/10371/124418/1/000000009170.pdf

美国|英语

来源: Seoul National University Open Repository

【 摘 要 】

The determinants of CSR disclosure are not yet studied much. In this research, using traditional voluntary disclosure studies’ framework, I connect CEO compensation structure with CSR disclosure. I find that if CEO’s stock compensation and debt compensation become higher, the firm discloses CSR report more frequently. These results are robust if I replace the level of CEO stock and debt compensation with relative ratio of CEO’s stock and debt compensation in total compensation or log value of CEO’s stock and debt compensation. Furthermore, although the founder CEO does not issue CSR disclosure frequently(Chen et al. 2008), if the founder CEO receives much stock compensation, the probability to issue CSR report increases.